Oil Tempered Spring Steel Wire is a cold drawn, heat treated wire. The process of tempering increases the strength and hardness of the wire without making the wire more brittle. Tempering makes oil tempered wire perfect for springs and wire forms.

This oil tempered wire have excellent properties as spring material, and is used as various springs for the automobile such as the valve springs of the engine, the clutch springs, the transmission springs, and the suspension springs.

Scope of the Report:

This report focuses on the Oil Tempered Spring Steel Wire in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Oil tempered spring steel wire was originally developed in Sweden, and then Japan became the major country in producing it. For now, Japan and some Europe countries are still the leader of the industry.

In recent years, China's oil tempered spring steel wire manufacturing enterprises have developed rapidly, for the demand is growing. There are many domestic companies entering into Wind Turbine Tower manufacturing industry.

Oil tempered spring steel wire development in developed countries has matured, the growth rate is tied to the downstream--automotive and relative industries. And the growth rate is about 5% each year.

The worldwide market for Oil Tempered Spring Steel Wire is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 1580 million USD in 2023, from 1320 million USD in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers

Suzuki Garphyttan

Kiswire

KOBELCO

POSCO

NETUREN

BAOSTEEL

Shanghai NETUREN

Zhengzhou Sinosteel

Bekaert

Haina Special Steel

Sugita

Sumitomo (SEI)

Jiangsu Shenwang

Jiangsu Jinji

American Spring Wire

Tianjin Kay Jill

Suncall

Hunan Shuangwei

Tianjin Dihua

PENGG AUSTRIA

Nanjing Soochow

Shinko Wire

Shougang Special Steel

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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